Patterson Companies (PDCO) Posts Quarterly Earnings, Hits Estimates
Patterson Companies (NASDAQ:PDCO) released its earnings data on Thursday. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50, Analyst Ratings Net reports. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion.
A number of research firms have recently commented on PDCO. Analysts at Zacks reiterated a “neutral” rating on shares of Patterson Companies in a research note on Wednesday, August 13th. They now have a $41.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Patterson Companies in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock, down previously from $44.00. Finally, analysts at Goldman Sachs cut their price target on shares of Patterson Companies from $35.00 to $34.00 in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.00.
Patterson Companies (NASDAQ:PDCO) opened at 40.10 on Thursday. Patterson Companies has a 1-year low of $36.59 and a 1-year high of $44.39. The stock has a 50-day moving average of $39.26 and a 200-day moving average of $40.26. The company has a market cap of $3.998 billion and a P/E ratio of 20.34.
Patterson Companies, Inc (NASDAQ:PDCO) is a distributor serving three markets: the United States companion animal (dogs, cats and other common household pets) and equine veterinary supply, and the worldwide rehabilitation and assistive products supply market.
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